Meats Futures Prices

Mon Sep 18, 4:20PM CDT
Lean hog futures posted mixed trade, with nearby contracts lower and back months slightly higher. The CME Lean Hog Index for 9/14 was $1.08 lower than the previous day at $64.07. The USDA pork carcass cutout value was 33 cents higher at $78.09 in the Monday afternoon report. The butt, picnic, and ham were lower, with the rib up $3.38. The national base hog carcass was down 78 cents in the PM report at $52.13. Estimated FI hog slaughter was 451,000 on Monday, 1,000 head larger than last week and 12,000 larger than the same week in 2016. Oct 17 Hogs closed at $60.000, down $0.975, Dec 17 Hogs closed at $58.050, down $0.425 Feb 18 Hogs closed at $63.650, down $0.450

Mon Sep 18, 4:20PM CDT
Live cattle futures ended the Monday session mixed with nearby Oct 17.5 cents lower and back months in the green. Feeder cattle futureswere mostly 57.5 cents to $1.475 in the green. The CME feeder cattle index was up 38 cents from the previous day at $150.09 on September 15.Wholesale beef prices were higher in the Monday afternoon report, with the Ch/Se spread narrowing to $4.92. Choice was up $1.20 at $192.62, while select boxes were $1.85 higher at $187.70. FI cattle slaughter was estimated at 112,000 on Monday, which is 4,000 fewer than last week and even with the same week in 2016.Cash trade was mainly at $105-$108 live and $166-$168 last week, with little to no activity today. Oct 17 Cattle closed at $107.575, down $0.175, Dec 17 Cattle closed at $112.950, up $0.125, Feb 18 Cattle closed at $116.500, down $0.250, Sep 17 Feeder Cattle closed at $150.800, up $0.575 Oct 17 Feeder Cattle closed at $151.950, up $1.300 Nov 17 Feeder Cattle closed at $152.200, up $1.475